Roth IRA Calculator vs Roth IRA Conversion Calculator
Two calculators for the same neighbourhood of questions. Here is what each measures, what you feed in, and where you'd reach for one over the other.
Roth IRA Calculator
Project your Roth IRA's tax-free balance at retirement by combining your existing savings with years of annual contributions compounding at your expected return. Use it to see how much tax-free income you can generate after age 59½.
- Answers
- Tax-Free Retirement Balance ($)
- Inputs
- Current Age, Retirement Age, Current Roth IRA Balance, Annual Contribution, Expected Annual Return, Income Level
Roth IRA Conversion Calculator
Estimates the net long-term benefit of moving traditional IRA funds into a Roth IRA after accounting for taxes paid now versus taxes avoided later. Use it when evaluating whether a conversion makes sense in a low-income year.
- Answers
- Net Roth Conversion Benefit ($)
- Inputs
- Conversion Amount, Current Tax Bracket, Expected Retirement Tax Bracket, Years to Retirement, Expected Annual Return
At a glance
| Roth IRA Calculator | Roth IRA Conversion Calculator | |
|---|---|---|
| Category | Investing | Retirement |
| Answers | Tax-Free Retirement Balance | Net Roth Conversion Benefit |
| Inputs | 6 | 5 |
| Result unit | $ | $ |
When to use each
Project your Roth IRA's tax-free balance at retirement by combining your existing savings with years of annual contributions compounding at your expected return. Use it to see how much tax-free income you can generate after age 59½.
Estimates the net long-term benefit of moving traditional IRA funds into a Roth IRA after accounting for taxes paid now versus taxes avoided later. Use it when evaluating whether a conversion makes sense in a low-income year.